Certified Gold Double Eagle Coins Posted by James Randolph on November 05, 2009
November 5, 2009 – The US Mint first produced gold Double Eagle coins in 1849, and the Double Eagle design was revamped in 1907. The original Double Eagle gold coin was the $20 Lady Liberty and its successor is the $20 Saint Gaudens, which is named after its designer, Augustus Saint Gaudens. The Lady Liberty and the Saint Gaudens coins are called Double Eagles because of their face value, which was double that of any existing American gold coin at the time.
Many of these coins were melted down by our government in 1933, when President Franklin Roosevelt confiscated all gold bullion within US borders. Millions of American rarities were lost forever, but some gold Double Eagles have survived. Many citizens illegally hoarded the Double Eagles from 1933-1971, when President Richard Nixon removed the US from the Gold Standard.
Soon after, grading companies like the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC) were incepted. These entities inspect, grade, and certify historic American gold and silver coins. Numismatists, collectors, and investors greatly value the services that PCGS and NGC provide, because these two organizations have revolutionized the gold market.
Many investors buy certified gold Double Eagle coins as their gold diversification, because certified gold Double Eagle coins tend to appreciate more significantly. In addition to the increased profitability potential of certified gold Double Eagle coins, they are non-confiscatable in the event of a second gold bullion confiscation. Contact a reputable gold dealer locally, or contact the Certified Gold Exchange directly, to learn more about these secure and potentially profitable investments.
Senior Staff Writer – Certified Gold Exchange